Investment on high quality research outputs is not a waste but a way of bringing solutions to the problems in the immediate society. Research outputs that bring about new innovations in many sectors of the economy like agricultural development, human capital development, aviation sector among others.
Conclusively, investments in high quality research outputs worth the funding.
Ajit kumar Roy, why do you ask this question? What is the context, in which you want to answer this question? Without knowing that, it is not really possible to give a relevant answer.
Let me also offer some remarks on the above points:
a) Research (outputs) does (do) not bring innovations automatically. Major efforts - including investments - are needed to bring a new product or service to the market, or introduce a new process into practice. The same goes for innovations not based on R&D results - and these innovations are also crucial.
b) We finance R&D activities ("investment in high quality research outputs" does not exist on logical grounds).
c) Knowledge is not "an investment" - but you need "invest" time and efforts to learn, i.e. gain knowledge.
Ricardo's reply clearly shows that the answer depends on the context (the "angle" from which the question is asked)
Actually, from an accounting point of view, certain parts of R&D expenditures are regarded as investment, that is, spending on buildings and equipment.
according to knowledge the expenditure of researches are future investment if it is related to R&D ,and their activities ,also the importance of results and how the firms applied these results.
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